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Deals & Dealmakers

KABR sells White Plains building

Ten-X Commercial announced that 75 South Broadway, a four-story, fully renovated office building in downtown White Plains, N.Y., traded for $13.7 million.

The KABR Group was the seller and the buyer was Zef Perlleshi. Dan Lessing of DSR Group was the broker for the transaction.
Multiple offers were made for the listing on Ten-X’s Offer Select transaction platform.

The building is situated within a business district, with access to shops, restaurants and a Metro-North commuter train station. It is currently 96 percent occupied, with several government tenants, including the New York Department of Education, General Services Administration and New York Worker’s Compensation Board.

“As more corners of the real estate industry begin to embrace technology, this transaction demonstrates the unique power modern solutions like Ten-X Commercial have to multiply the potential of each and every asset brought to market,” said Ten-X Commercial General Manager Steve Jacobs.

“KABR Group has used our digital marketplace to sell other properties in the past, and they turned to Ten-X again to ensure they would achieve maximum value, while enjoying a smooth transaction process. Working hand-in-hand with DSR Group, we were able to cast an extremely wide net and brought in strong offers from pre-qualified buyers across the country and beyond.”

Michael Goldstein, managing director of KABR Group, said the company will retain tenancy of Westchester Business Center (WBC), which is located on the 4th floor of 75 South Broadway. WBC is a 23,000 s/f modern workspace which offers newly-decorated offices, conference rooms, concierge service, virtual offices, onsite parking, professional networking events and industry-leading technology.

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